The L.S. Starrett Company engages in the business of manufacturing industrial, professional and consumer measuring and cutting tools and related products.
The company engages in the business of manufacturing over 5,000 different products for industrial, professional and consumer markets.
The company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The company’s products include precision tools, electronic gag...
The L.S. Starrett Company engages in the business of manufacturing industrial, professional and consumer measuring and cutting tools and related products.
The company engages in the business of manufacturing over 5,000 different products for industrial, professional and consumer markets.
The company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The company’s products include precision tools, electronic gages, gage blocks, optical, vision, laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1 lubricant and precision ground flat stock. The company primarily distributes its precision hand tools, saw and construction products through distributors or resellers both domestically and internationally.
Products
The company’s tools and instruments are sold throughout North America and in over 100 other countries. The largest consumer of these products is the manufacturing industry, including metalworking, aerospace, medical, oil and gas, government, and automotive. Other important consumers are marine and farm equipment shops, do-it-yourselfers and tradesmen, such as builders, carpenters, plumbers and electricians.
The company provides measurement and cutting solutions to industry. Measurement tools consist of precision instruments, such as micrometers, vernier calipers, height gages, depth gages, electronic gages, dial indicators, steel rules, combination squares, and custom, non-contact gaging (such as vision, optical and laser measurement systems).
As one of the premier industrial brands, the company continues to be focused on every touch point with its customers. To that end, the company offers modern, easy-to-use interfaces for distributors and end-users, including interactive catalogs and several online applications.
The company’s saw and hand tool product lines enjoy strong global brand recognition and market share. These products encompass a breadth of uses. The company introduced several new products in the recent past, including a new line of hand tools for measuring, marking and layout that include tapes, levels, chalk lines and other products for the building trades. The company also introduced new products to its hand tool portfolio to extend its reach into the construction and retail trades. The continued focus on high performance, production band saw applications has resulted in the development of two new ADVANZ carbide tipped products MC5 and MC7 ideal for cutting ferrous materials (MC7) and non-ferrous metals and castings (MC5). These actions are aimed at positioning the company for global growth in wide band products for production applications.
The company has launched new products, such as abrasive cut-off wheels and butcher knives, in order to become more product diverse and to invest in new distribution channels and industries, such as the food industry. The company is able to move into this channel with, in addition to meat and fish cutting blades, a variety of products, such as butter knives, skinner and slicer blades, bandsaw machines, and related products. The company has also invested in new channels taking its traditional products, such as Bi-metal bandsaws and its Power Tool Accessories product lines into welding and e-Commerce channels.
Foreign Operations
The subsidiaries located in Brazil and China are actively engaged in the manufacturing and distribution of precision measuring tools, saw blades, optical and vision measuring equipment and hand tools. Subsidiaries in Scotland, Canada, Australia, New Zealand, and Mexico are engaged in distribution of the company’s products. In the March quarter, the company announced plans related to the closure of its distribution and sales centers in Singapore and Japan. The company will continue to service Asia out of Brazil and China.
Research and Development
The company’s research and development costs were approximately $3.5 million in the year ended June 30, 2022.
History
The L.S. Starrett Company was founded in 1880. The company was incorporated in 1929 in the Commonwealth of Massachusetts.